Dear VMS Followers,
I’m sending along this morning’s release introducing our exploration activities north of the Sudbury mining camp. Neil Richardson is running the program out of Sudbury.
One of the challenges all exploration companies face is accessing prospective properties and then doing deals that make sense. We think we accomplished both with these three projects near Sudbury.
Neil’s systematic approach regarding data compilation ensures focused and cost effective work on the ground. Properties that have not been looked at for years are often interesting, because new eyes and new technology may “see” what was missed before.
Best regards,
Rick Mark
CEO
VMS Ventures Inc.
VMS Ventures owns approximately 45% of North American Nickel Inc.
VMS VENTURES INTRODUCES EXPLORATION PROGRAMS FOR ITS SUDBURY, ONTARIO PROJECTS
Vancouver, B.C., October 26, 2011 - VMS Ventures Inc. (VMS: TSX-V) (“VMS”) is pleased to announce upcoming exploration programs for its three Sudbury projects Golden Pine, Terra Incognita and Black Creek, located approximately 37 kilometers north of Sudbury, Ontario. http://www.vmsventures.com/Theme/VMS/files/images/Ontario_Projects_Map_v1.jpg
VMS Ventures COO Neil Richardson states: “We have now started our initial $250,000 exploration program on our Sudbury projects. We like the fact that these projects have seen limited and spotty exploration activity over the last twenty years, or so. We have optioned a sizable, prospective land package and all historical data has now been synthesized into one database. This work has resulted in several multi-element targets being outlined. Exploration programs will begin immediately and will continue till year-end.”
Golden Pine
The Golden Pine project is located in Parkin Township and has seen historical drilling and a small bulk tonnage test pit for gold mineralization. Results indicate the presence of, at least, four mineralized zones with values as high as 42 g/t gold and 122 g/t silver in grab samples. The 530 tonne A-zone bulk sample averaged 0.68 g/t gold, which is significantly lower than the historical drilling and surface sample assays. This project is the most advanced of our projects having been previous drilled, bulk sampled, stripping and channel samples. All historical data was compiled into one format with targets generated for follow-up in 2011 by power stripping, geological mapping and channel sampling. A 3D-model of the mineralized zones and new geological information will be completed in early 2012 using Gemcom� software.
Terra Incognita
The Terra Incognita project is also located in Parkin Township and is contiguous to the Golden Pine and Black Creek properties. It is relatively underexplored due to extensive overburden cover in the area. This project has potential for volcanic hosted base metal massive sulphide type mineralization and gold hosted in granitic intrusions or favourable geological structures. Historical work outlined a magnetic high associated with very low frequency (VLF) geophysical anomalies and base metal Mobile Metal Ion (“MMI”) soil geochemical anomalies. A time-domain electromagnetic survey is planned over this favourable area with follow-up Diamond drilling, if warranted.
Black Creek
The Black Creek project is located in Parkin and Hutton Townships and is a gold/base metal prospect with anomalous gold reported in black sands of the Vermilion River. Six Geotech Versatile Time-domain Electromagnetic (VTEM) targets have been compiled from an historical airborne electromagnetic survey on the property. Follow-up work will consist of Diamond drilling and mechanical excavator power stripping and washing of outcrop in areas of exploration interest. CLICK HERE TO READ MORE
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VMS Ventures Inc.
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EXPLORATION STAGE |
CODE : VMS.V |
ISIN : CA91828R1091 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
VMS Ventures is a zinc and gold exploration company based in Canada. VMS Ventures holds various exploration projects in Canada. Its main exploration properties are REED LAKE, LYNN LAKE GABBROS, PUELLA BAY and COVER in Canada. VMS Ventures is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 13.9 millions as of today (US$ 10.2 millions, € 9.3 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.76, and its lowest recent point on January 22, 2016 at CA$ 0.05. VMS Ventures has 146 480 000 shares outstanding. |